mignolet|8月 23, 2026 00:35
This week’s weekly candle clearly reflects strong buying liquidity across both the spot and futures markets.
With this level of buying pressure entering the market, I do not expect the current upward momentum to reverse easily in the short term. Instead, the market may continue to liquidate as many positions as possible, shake investor sentiment, and create uncertainty around the next direction.
That said, if we look at the previous extended sideways period from an accumulation perspective, I still do not think there was enough time for sufficient accumulation to take place.
If the "OTC" and "Market Maker flows" during that consolidation had shown clear signs of accumulation, I would have placed much more confidence in the idea that the positive developments and bullish information from Trump’s announcement could fuel a sustained and more decisive upward move.
However, based on the data I have been tracking, the accumulation period still appears to have been insufficient.
In the short term, this means the rally could continue longer than expected, further stimulating investor psychology. As prices continue to rise, we may also see a period where FOMO and anxiety intensify among investors who have remained on the sidelines.
Even so, I am still leaving open the possibility that the market needs a longer accumulation phase before transitioning into a more sustained bullish trend.
I turned bullish two days ago when Bitcoin was trading around $73K, and I continue to maintain that bullish outlook.
However, rather than reacting impatiently to short-term price movements, I plan to take a much longer time horizon and respond to the market by closely tracking the accumulation process and liquidity flows.(mignolet)
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